Krystal Integrated Services , a leading provider of integrated facility management solutions, announced on 12 January that it has secured three major municipal solid waste management contracts from the Vasai Virar City Municipal Corporation. The comprehensive deal, valued at approximately ₹275 crores, positions the company to serve one of Maharashtra's most rapidly growing urban areas.

Contract Overview and Structure

The agreements encompass a comprehensive range of waste management services for a five-year operational period, preceded by a three-month preparatory phase. The services include door-to-door collection, segregation and transportation of waste, alongside street cleaning operations across the municipal corporation's jurisdiction.

Each zone has been designed to ensure strict compliance with the Solid Waste Management Rules of 2016. The project structure involves deployment of dedicated manpower, specialised vehicles, and modern equipment to fulfil operational requirements.

Service Scope and Operations

The comprehensive waste management solution includes several key components:

• Door-to-door waste collection and segregation
• Transportation of segregated waste to authorised processing facilities
• Street cleaning and maintenance services
• Waste treatment and disposal operations
• Deployment of specialised vehicles and modern equipment

The collected waste will undergo proper segregation before being transported to authorised processing and disposal facilities, ensuring environmental compliance and sustainable waste management practices.

Management Commentary

Sanjay Dighe, CEO and Whole Time Director of Krystal Integrated Services Ltd, commented on the development: "We are proud to have been awarded the Rs. 81 crore, 5-year solid waste management contract from Vasai Virar City Municipal Corporation. The recent order wins underscore Krystal's mission to deliver clean, safe, and dignified environments in institutions serving vulnerable communities."

The company emphasised its commitment to bringing professional facility management practices to improve safety, dignity and hygiene in areas where public services directly impact daily life.

Stock Performance and Company Background

Krystal Integrated Services Limited closed at ₹615.20 on the National Stock Exchange (NSE) on Monday, 12 January 2026, representing a decline of 1.39% or ₹8.70 from its previous trading session. Over the past year, the stock has fallen approximately 6.5% according to NSE data.

Established in 2000 and headquartered in Mumbai, Krystal Integrated Services has expanded its operations nationwide. The company offers integrated facility management, staffing, payroll solutions, security services, and catering solutions across various sectors.

Recent Contract Wins

Last year, the company secured three additional contracts totalling ₹84 crores, demonstrating consistent growth in its order book:

• Airport Authority of India project for managing the new terminal at Patna Airport
• Contract with Maha Mumbai Metro Operation Corporation Ltd
• Agreement with Maharashtra Tourism Development Corporation

These recent contract wins, combined with the current Vasai Virar City Municipal Corporation deal, highlight the company's expanding presence in the municipal and infrastructure services sector.

Krystal Integrated Services Ltd has secured a significant municipal contract win, bagging three major solid waste management contracts from the Vasai-Virar City Municipal Corporation (VVCMC) worth approximately ₹275 crore. The comprehensive agreement spans five years with an additional three-month preparatory phase, marking a substantial addition to the company's municipal services portfolio.

Contract Scope and Services

The contracts encompass end-to-end municipal sanitation services designed to comply with the Solid Waste Management Rules, 2016. The comprehensive service package includes:

The company will deploy dedicated manpower, specialized vehicles, and modern equipment to ensure uninterrupted, hygienic, and compliant services across the three designated wards, maintaining strict adherence to safety and regulatory standards.

Management Commentary

Sanjay Dighe, CEO and Director of Krystal Integrated Services Ltd, emphasized the significance of this contract win: "Securing these multiple municipal sanitation mandates from Vasai–Virar City Municipal Corporation marks another important milestone for Krystal Integrated Services. Urban waste management is a critical public service that demands operational discipline, reliability, and regulatory compliance."

Dighe further highlighted how these engagements reinforce the company's ability to manage large-scale, people-intensive municipal operations while supporting city administrations in delivering cleaner, healthier, and more sustainable urban environments.

Strategic Significance

The Vasai–Virar City Municipal Corporation serves one of Maharashtra's fastest-growing urban regions, highlighting the increasing reliance on professional facility management partners for civic sanitation and urban infrastructure services. This contract positions Krystal Integrated Services to capitalize on the growing demand for professional municipal services in rapidly expanding urban areas.

Recent Business Developments

The municipal contract win follows other recent successes for the company. On 4 March 2025, Krystal Integrated Services gained 6.00% after securing key airport contracts at three major airports: Chennai International Airport in Tamil Nadu, Trivandrum International Airport in Kerala, and Chandigarh International Airport. These agreements enhanced the company's service offerings across security, hygiene, and facility management services.

Company Profile and Market Performance

Established in 2000 and headquartered in Mumbai, Krystal Integrated Services has expanded its operations nationwide, offering integrated facility management, staffing, payroll solutions, security services, and catering services to a diverse client base across multiple sectors.